Trump's tariff war affects Taiwan! He reveals that a local industry has been "sentenced to death."
- byVic

讀後心得
US President Trump recently announced a new tariff policy, imposing tariffs of up to 32% on certain products from Taiwan. Former Taoyuan City Councilor Wang Haoyu warned that this policy will have a devastating impact on Taiwan's textile industry, as a large number of products manufactured in China may shift to the Taiwanese market, compressing the survival space for local businesses. To respond to this challenge, the Executive Yuan announced an assistance plan of NT$ 88 billion, including favorable financing and subsidies, to support the affected industries.
The President of the United States recently announced the latest tariff policy, which has affected global trade, imposing tariffs as high as 32% on certain products from Taiwan. A former Taoyuan city councilor bluntly stated that this move is equivalent to "a death sentence" for Taiwan's textile industry. He expressed on social media that the high tariffs of 50% imposed by the U.S. on small parcels exported from China have made it difficult for Chinese-made textiles to enter the U.S. market, and these unsold products are likely to be diverted to Taiwan, thereby causing a severe impact on the local textile industry.
He warned that if the Taiwanese market is flooded with low-priced Chinese products, it will further squeeze the survival space of local businesses, which could trigger a more severe industrial crisis.
He further pointed out that this new tariff policy will directly hit China's cross-border e-commerce industry in the U.S., including well-known platforms. Due to the impact of the high tariffs, these businesses are facing difficulties in selling products to the U.S., and to avoid losses, they must clear out inventory in large quantities.
In this situation, a large number of Chinese-made textiles such as clothing, socks, and towels may flood the Taiwanese market. At the same time, if Chinese e-commerce platforms further offer free shipping promotions to Taiwan, it will exacerbate the survival environment for the local textile industry. This development will pose a substantial threat to Taiwan's textile sector.
The Executive Yuan recently held a press conference to announce the launch of the "Response to U.S. Tariffs: Support Program for Our Export Supply Chain," with a total budget of NT$88 billion to provide support across various industries, including NT$70 billion in subsidies for the industrial sector and NT$18 billion for agriculture.
The Executive Yuan stated that the plan will cover a range of support measures, including providing financing and loan benefits, increasing subsidies, and tax relief. The government will also assist enterprises in enhancing their export capabilities, expanding into international markets, and strengthening global competitiveness, particularly for small and medium-sized enterprises and traditional industries, with corresponding support plans to alleviate the impact of tariffs.